Taking the leap into manufacturing is a big milestone for a startup. Once you start to search for a manufacturing partner, suddenly it all seems real. Manufacturing is not cheap, and one misstep here can severely hurt or completely crush your business. Finding the right manufacturer is not easy, but with proper planning and research, it can be done. Below are four tips to keep in mind as you research potential partners.
Market Segment Experience
Start your search for a manufacturer that has experience in the industry your product is entering. For instance, if you are manufacturing a baby spoon find a manufacturer that has a great deal of experience in the baby product consumer market segment. Having a manufacturing partner that is knowledgeable about the industry you are entering means that they will be up-to-date with best practices, safety standards, and will have the ability to offer helpful insight.
Not all manufacturers will be able to scale with your business. As your startup grows, the number of units you need will increase as well. Your initial manufacturing partner might be great at prototypes and low volumes, but higher volumes may pose a problem. Minimize production delays, by meeting with other potential manufacturing partners that are able to adequately meet higher volume needs. You don’t have to stick with just one manufacturer.
Multiple Open Partnerships
Depending on your product, one manufacturing strategy is to have multiple open partnerships with manufacturers. Your once very attentive and grateful manufacturer might put you on the back burner when a bigger customer comes along. A vendor list with manufacturers you can utilize or bounce between is a good idea. This keeps pricing between them competitive and the diversification minimizes your business risk.
Make a Visit & Check References
Your manufacturer is critical to your business, so open communication is mandatory. It is imperative that you know them, and trust them, before working with them. This is true whether you are manufacturing close to home or in another country. Phone calls and emails are great, but a visit to their location is highly recommended. Visiting the facility lets you meet the factory workers and see the facility. You want to feel comfortable that your product is in the right hands, and an on-site visit will do just this.
Don’t forget to check their references. Make those phone calls and get your questions answered by people who have experience with this potential manufacturer.
Now here is what your future manufacturer wants you to know.
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3D Innovations is a Product Development Company – from the 3D Design to a fully functional 3D Prototype & Product.
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